Life-insurance-computing packet



e. A. NEWKIRK. LIFE INSURANCE COMPUTING PACKET.

APPLICATION FILED JUNE I9. 1916.

Patented Aug. .26, 1919.

2 SHEETS--SHEET I.

Snom/woz Y G. A. NEWKIRK. me lNsunNNcE oNPunNG PACKET. APPLICAUN FILED )UNE 19| |9|6 1 ,3 1 4:, 1 46. Patented Aug. 26, 1919.

2 SHEETS-SHEET 2.

S14/vento@ GILBERT A. NEWKIRK, 0F DENVER, COLORADO.

LIFE-INSURANCE-COMPUTING PCKET.

Specification of Letters Patent.

Patented A110'. 26, 1919.

Application filed June 19, 1916. Serial No. 104,450.

To all whom t may concern.'

Be it known that I, GILBERT A. Niiwiiiiii, a citizen of the United States, residing at the city and county of Denver and State of Colorado, have invented certain new and useful Improvements in Life-Insurance- Computing Packets; and I do declare the following to be a full, clear, and exact description of the invention, such as will enable others skilled in the art to which it appertains to make and use the same, reference being had to the accompanying drawings, and to the characters of reference marked thereon, which form a part oi this specification.

My invention relates to means-for 'readily ascertaining the amount to be paid the bencficiary under a life insurance policy ior a given amount of premium paid for any desired age of the insured, whether the policy be what is known as straight life or a policy calling for a certain amount payable to the beneficiary or the insured after a. certain number of premium payments have been made.

In order to present the scheme in the roi-m of an application for patent, I have illustrated in the drawing a packet based on an age of 35 years for the insured, one side ot' the packet being adapted for use where the policy is a 20 ypayment life, while the other side is for use where the policy is straight life, the age assumed being 35 years in each instance.

The packet consists of an envelop in which is slidably arranged a sheet, the envelop and the said sheet both having columns of figures, the items of which are respectively an ranged in alinement, the items in any line having a certain relation to each other. For instance, when the packet is in one position and the sheet is drawn out of the envelop, the sheet contains a number of columns of items which is also true of the corresponding Side of the envelop. The top line of items of the sheet, shows in the extreme left-hand column a certain premium payment, while in the same line on the envelop are found in the extreme left-hand column, the amounts payable monthly to the beneficiary for 2O years after the death of the insured. The corresponding item in the next right-hand column on the envelop contains the yearly amount paid the beneficiary; while the corresponding item of the next column toward the right, indicates the total amount. paid the beneficiary in Q0 years.

The top item of the next column of thc sheet toward the right shows the amount of' the policy or the total cash which the beneiiciary may receive at the time of the death of the insured corresponding with the amount of annual premium indicated in the adjacent left-hand column. The top item of the next column On the sheet toward the right, shows the amount ol the policy or the cash payable under the policy to the beneficiary at the time of the death ofi the 'iiisui'ed, assuming that the latter has paid an animal premiinn indicated by the top item oi the next column toward the right. Finally, the top item ot' the extreme righthand column ot' the sheet, indicates the amount of cash payable to the beneficiary at the time of the death oit' the insured, in addition to the monthly payn'ieut indicated by the top item oi the extreme left-hand column on the envelop.

Assuming that the packet is in position to disclose the aforesaid information relating to a straight life policy, if it be turned a halfI revolution, or a half' turn endwise iii either direction, it will be in position to disclose the corresponding information for a 20 payment life policy` the items on the cnvelop in either case being the same, while the items on the sheet are diiierent so far as the animal premium payments are concerned.

Having briefly outlined my improved packet, I will proceed to describe the same in detail, reference being made to the accompanying drawing, in which is illustrated an embodiment thereof. In this drawing- Figure 1 is a view showing one side of my improved packet, the sheet being located within the envelop.

Fig. 2 is a View of one side 0f the sheet.

Fig. 3 is a section taken through 4the packet on the line 3-3, Fig. l. y

Fig. #l is a View of the opposite side oi the packet with the sheet partly removed.

Fig. 5 is a view of the sheet showing the reverse 'side from that disclosed in Fig. 2.

The same reference characters indicate the Same parts in all the views.

Let the numeral 5 designate the envelop which is open on its left-hand edge (i but closed at both ends as shown at 7 and S and on its opposite edge as shown at i) except that it is notched as shown at 10 to disclose i a small Ypart 12 of the sheet, in Vorder toV enable the user to move the sheet partly out of the envelop at its open edge or far enough to allor the user to grasp a small projection 13 formed on the left-hand edge of the sheet and upo-n the opposite sides of Which is'found the number 35 to indicate the age of the insured, While on one side ofthe 'said Vprojection adjacent the number 35 is also found the number 2O toV indicate that the information on that side of the sheet and the corresponding side of the envelop,

relates to a 20 payment policy.

Referring now tor the matter disclosed Vin Fig. 1, the side of the envelop there disclosed contains three columns which are designated by the letters ci, and c, Vrespectively. TheV column a has in addition to the letter and in a space at the top of the column Y of gures. the Words Monthly income.

The column'b has in a corresponding position at the top of the column the Words Yearly income amounts to Whilethel column c has in a corresponding position In 20 years amounting to. The items in the column a below 'the caption indicate respectively the monthlyV income payable to the beneciary at the death of the insured for corresponding ann-ual premium payments ordeposits indicated in the eXtreme l left-handV column designated Z ofthe side'of the sheet shown in Fig. 2. The figures below the caption in the column b of the en-` velop indicate the yearly income payable the insured corresponding to the. monthly income indicated by the corresponding litems in column a; While the items below the caption in column c, indicate Vthe total Y the sameV andy the corresponding items of these columns Vare identical. The second: column on the face 15 of the sheet reading from Vthe left, being` one of the columns designated g, contains amoiuits of policies corresponding to the kpremium items in the eXtreme left-hand column` d of thev sheet.V These policy items arethe amounts which the beneficiary may receive in cash at the "time `of the death lof the insured in lieuV of the monthly income indicated by the items in the columns a, b and c of the envelop.

The third column coimtingfromthe left on theface 15 of the sheet, shows the amounts payable to the beneficiary in cash at the death of the insured for the corresponding yearlyv` Y premiums indicated in the neXt column toward the right, being another d column and having the caption Lifeannual premiums. lThe eXtreme right-hand column on caption Amount paid immediately., shows the at'ely upon the death of the insured for the corresponding premium payments indicated in the neXt column toward. the left-,in addition to the monthly payments indicated in the column a of the envelop. i

On the lower part of the envelop on each face are data referring tothe columns a', b and c; While on the lower partof th'e'sheet on either face are explanatory data referring to the mattei found on the sheet.l It should be stated that Vthe captions of th-er columns on face 15 of the sheet (see Fig. 2) reading to the letter designations heretofore stated) are respectively as follows: L Annual deposits, Amount of policy; 1f policy be ,Y for, Life annual premium` (d) Amount paid immediately Referring now to Figs. l and 5'Fig-V 4 shows lthe sheet partly removed from the envelop With twocolumns of its face 16 eX- posed. This face 16 of the sheet l'ias iive columns respectively designated by the following captions reading'from the left to- V Ward the right: 20 Annual deposits (d);

Amount of policy If policy 'be for (g); Life V20* annual'A premiums (d); Amount paid immediately (f) I Will for convenienceV refer to these columns reading from left toward the right respectively, by

the lreference numerals 17, 18, 19, 20 and 21. The items ofV column 17 are the amounts of annual premiums paid or annual Ydeposits made by the insured iny order to entitle the beneficiary to theincome instalment indicated by the coresponding items of the columns of the envelop; or tothe' cashindicated by the correspondingitems in column 18 of the sheet; While theitems of column 20 of i the sheet indicate the premfiunis'paidv byl the Vinsured in order to allovv the beneficiary'the instalment income indicated in the columns Vof the envelop; or the cash income indica-ted by the itemS'in column 1'9 of the sheet.l Again, the column21 ofthe sheet is thesame as thel eXtreme right-hand column of the face 15 of the sheet, and its items Aindicate the cash payments payable to the bene-` iiciajry at the death of the insured in addif the face 15 of the sheet, Vbeing the column Y designated f and having the frointhe left' toward the right- (in addition tionto the instalments indicatedy in the eX- treme left-hand column of the envelop.VY

Y The foregoing explanation is believed sulicicnt when taken inconnection with the explanatory matter on the lower p'artsof the 75 amount payable to the beneiiciary immedi-` I sheet and envelop. It should be stated that the envelop when held in position for either of the aforesaid uses, has the Word Guaranteed at the top and immediately above the income columns heretofore described.

Having thus described my invention, what I claim is,-

1. A computation device for an insurance policy including an envelop open on one edge and having tabulated data pertaining to incomes to be derived from the policy on its opposite faces, and a sheet slidable in the envelop and having tabulated premiums on its opposite faces, the corresponding incomes and premiums of the envelop and sheet being in transverse alinement as the sheet is moved out of the envelop to expose its tabulations, the sheet having a projection on its front edge and provided With data indicating the nature of the policy, the combined Width of the projection and sheet being less than the Width of the envelop so that the envelop protects the projection, and a notch at the folded edge of the envelop.

2. A computation device for an insurance policy including an envelop open on one edge the opposite faces of which contain tabulated records of a plurality of incomes to be derived from the policy, and a sheet slidable in the envelop and having a plurality of tabulated premiums on its opposite faces, the corresponding incomes and premiums of the envelop and sheet being in transverse alinement as the sheet is moved out of the envelop to expose its tabulations, the sheet having a projection on its front edge and data on opposite faces of the pro- Copies of this patent may be obtained for ve cents each,

jeetion indicating the nature of the policy for which the premiums of the sheet and incomes of the envelop'are to be computed.

3. A computation device for an insurance policy including an envelop open on one edge, the opposite faces of which contain tabulated indicia of incomes due at fixed intervals of time, and a sheet slidable in the envelop and having on its opposite sides tabulated indicia indicating different premiums, to be paid from time to time, the correspondingl incomes and premiums of the envelop and sheet being in transverse alinement as the sheet is moved out of the envelop to expose its tabulations, the sheet having a projection on its front edge and data on opposite faces of the projection in dicating the nature of the policy for which the premiums and incomes are to be computed.

4. A computation device including an envelop open on one edge and having data thereon, and a sheet slidable in the envelop and having data thereon related to the data on the envelop, the sheet having a projection thereon bearing indicia related to said data, the Width of the envelop being as great as the combined Width of the projection and sheet so that the envelop will protect the projection, the parts being formed so that the sheet may be moved from the envelop.

In testimony whereof I afiix my signature, in presence of two witnesses.

GILBERTA. NEWKIRK.

Witnesses:

GRACE HUsToN, A. EBERT OBRIEN.

by addressing the Commissioner of Iatents,

Washington, D. C. 

